Cerity Partners LLC Has $23.97 Million Holdings in General Motors Company $GM

Cerity Partners LLC trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,070 shares of the auto manufacturer’s stock after selling 10,152 shares during the quarter. Cerity Partners LLC owned approximately 0.05% of General Motors worth $23,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in General Motors by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. Norges Bank acquired a new position in General Motors in the second quarter worth $444,319,000. AQR Capital Management LLC grew its holdings in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Nuveen LLC acquired a new stake in shares of General Motors in the first quarter valued at $175,889,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of General Motors in the second quarter valued at about $125,583,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM opened at $77.07 on Wednesday. The firm’s 50 day simple moving average is $67.10 and its 200 day simple moving average is $58.44. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $77.35. The company has a market capitalization of $71.90 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.8%. General Motors’s payout ratio is currently 12.07%.

Insiders Place Their Bets

In related news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,288,534 shares of company stock valued at $79,253,568 in the last three months. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GM. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. TD Cowen raised their price target on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Wells Fargo & Company boosted their target price on General Motors from $46.00 to $48.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Argus set a $78.00 price target on General Motors in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $72.86.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.